Can anyone bring light to this? If the short interest is correct and 50% of the float is short. In order to cover, they would have to "find" shares to buy back. No to mention all the additional buying from momentum players making it more difficult to "find" shares to buy. Is there precedence to this? i.e. look at ticker ABC
I understand the "hope" aspect (i.e. FTEK nails 10 contracts tomorrow) will have to happen before this scenario will actually play out. Hell, the hopefuls can also be wrong and there maybe more downside to this (not to mention the market). Why doesn't someone present this to George Soros and have him put up the price a bit?